Radius Victoria isn’t Dead Yet

Radius Victoria LogoSometimes the sound of silence on a formerly buzzing construction site can be deafening. We haven’t heard anything about the stalled Radius project in uptown downtown Victoria in months, since the project was stalled due to credit woes in late 2007. But in today’s Times Colonist, John Schucht, president of Waywell Development, is quoted saying that the project is going to get back on track “one way or another.”

Since I first heard about the project, I have liked its “urban village” concept and thought it was a good fit for Victoria. I’ve blogged about it before, and that post stands as one of the most popular on the blog (7th place, to be precise), so obviously other people are excited about it too. The combination of commercial office space (including University Canada West), retail, and residential units in one city block is a good idea for reducing the need for cars in the city.

I’m glad to hear that they may be close to getting the project back together. With half the commercial space leased and half of the residential units sold, it seems that an investor would have confidence in the developer to make this project work.

Let’s hope it comes together.

Tim Ayres

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Published by Tim Ayres

Tim Ayres is a Sooke and Victoria BC REALTOR®, with Royal LePage Coast Capital Realty. Tim is actively involved in helping clients buying and selling real estate in the southern Vancouver Island region. Tim is an active member of the Victoria Real Estate Board and served seven years (2009-2015) as a director, including serving as President in 2014.

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